Subj : Market Action To : All From : Paul Rogers Date : Mon Sep 29 2003 06:28 pm


Sun is taking a $1B charge for FASB accounting changes.  That's "B" as
in Big Ones!

Now, I've told you before that the market usually rotates its leaders
between Bull Markets.  If there's a knock on the latest rally, an
indication that it's another Bear Market Bull Trap, it's the fact that
the leaders of the last big Bull Market are the leaders this time.  I'm
not interested in MSFT, INTC, SUNW, et al, because they've grown and
developed their markets into "maturity", not the growth they once had.

I caught the intraday chart this morning and noticed a spike in both
prices and volume around mid-day, but an emergency dental visit meant I
didn't get a chance to check the full day's chart.  But in the end
volume was a little below average, so it didn't amount to much.

Price     Vola-     Momen-    Volume    Oscil-    Summ.
Change    tility    tum                 lator     Index
 -__+      -__+      -__+      -__+      -__+      -__+

 __<_      |___      __|_      __>_      __|_      ___>     09/23
 _<__      <___      __|_      ___>      _<__      ___>     09/24
 _<__      <___      _|__      __>_      _<__      ___>     09/25
 _<__      <___      _|__      __>_      _<__      ___|     09/26
 __<_      |___      _|__      _>__      _<__      ___|     09/29

Timing Signals:  I don't use or recommend timing signals, but they're
fun to watch.  If I did though, well, I might use something like this.
(Be warned!!  It tends to whipsaw around signal points!)

Last Signal: SELL       Date:  09/24/03 S&P:    1009
Winner or Loser:  Winner                By:     +19

See my market tracking charts for '01-'02 and my investment strategy
study at my website(s):
http://www.xprt.net/~pgrogers/Pers.html
http://www.angelfire.com/or/paulrogers/Pers.html
http://www.geocities.com/paulgrogers/Pers.html

.... BOZO n., political term for the winner of an election. ___ MultiMail/MS-DOS v0.35 --- * Origin: The Bare Bones BBS (1:105/360) .